Dada Group Awarded by Government for Efforts in Promoting Real Economy

Rhea-AI Summary

Dada Group (Nasdaq: DADA), China's leading local on-demand delivery and retail platform, has been recognized as a 2021 National Demonstration Project of New Consumption by the Ministry of Industry and Information Technology. This award highlights JDDJ's role in advancing the local economy through innovative technologies like 5G and AI. Additionally, Dada actively participated in Shanghai's E-commerce Green Development Proposal aiming for sustainable practices, including the use of over 130 million biodegradable bags. The company also received commendations from Guangdong and Shanghai governments for its contributions during the COVID-19 pandemic.

Positive

• Awarded 2021 National Demonstration Project of New Consumption, enhancing credibility and visibility.
• Active participation in E-commerce Green Development Proposal suggests commitment to sustainability.
• Used over 130 million biodegradable plastic bags for packaging, which may appeal to eco-conscious consumers.
• Received letters of thanks from government bodies for contributions during COVID-19, highlighting corporate social responsibility.

Negative

• None.

SHANGHAI, Aug. 6, 2021 /PRNewswire/ -- Dada Group (Nasdaq: DADA) ("Dada"), China's leading local on-demand delivery and retail platform, is pleased to announce that JDDJ was awarded as 2021 National Demonstration Projects of New Consumption by Ministry of Industry and Information Technology. These selected projects focus on cutting-edge technologies such as 5G and AI, and feature great development prospects, driving and demonstration effects. As on-demand retail digital platform of one-hour e-commerce, this award marks the national accreditation for JDDJ in supporting physical businesses in promoting the high-quality growth of China's real economy.

On July 30th, Shanghai E-Purchasing Chamber of Commerce initiated Shanghai's E-commerce Green Development Proposal, which aims to improve resource-saving and environmental-friendly development capacities of e-commerce enterprises, and create a green and low-carbon lifestyle. As a representative of online economy in Shanghai, Dada Group actively participated in the initiatives and was fully committed to creating a fair and sustainable future for riders, consumers, partners and employees. On environmental protection, JDDJ has partnered with its supermarket partners to use over 130 million biodegradable plastic bags for packaging throughout the country.

Meanwhile, Dada Group received the letters of thanks from the Department of Commerce of Guangdong Province and Shanghai's local government for its contributions and corporate social responsibilities during the COVID-19 outbreak. Dada continues to take a leading role in ensuring daily supply, enabling efficient and safe delivery, together with local cooperative retailers. .

About Dada Group

Dada Group is a leading platform of local on-demand retail and delivery in China. It operates JDDJ, one of China's largest local on-demand retail platforms for retailers and brand owners, and Dada Now, a leading local on-demand delivery platform open to merchants and individual senders across various industries and product categories. The Company's two platforms are inter-connected and mutually beneficial. The Dada Now platform enables an improved delivery experience for participants on the JDDJ platform through its readily accessible fulfilment solutions and strong on-demand delivery infrastructure. Meanwhile, the vast volume of on-demand delivery orders from the JDDJ platform increases order volume and density for the Dada Now platform. In June 2020, Dada Group began trading on the Nasdaq Global Market, under the ticker symbol "DADA."

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SOURCE Dada Group

FAQ

What recognition did Dada Group receive in August 2021?

Dada Group was awarded the 2021 National Demonstration Project of New Consumption by the Ministry of Industry and Information Technology.

How has Dada Group contributed to sustainability?

Dada Group has participated in Shanghai's E-commerce Green Development Proposal and used over 130 million biodegradable plastic bags for packaging.

What commendations has Dada Group received for its efforts during COVID-19?

Dada Group received letters of thanks from the Department of Commerce of Guangdong Province and Shanghai's local government for its contributions during the pandemic.

What technologies does Dada Group's JDDJ platform focus on?

JDDJ focuses on cutting-edge technologies such as 5G and AI to enhance local on-demand retail.